30 August 2021
Reinsurer and insurer combined operating ratios improved in the first half as rate increases outstripped claims trends, Willis Re says in a report on results reported by global firms...
30 August 2021
UK insurers are inadequately prepared in some cases for stronger product governance rules due to take effect at the start of October, the Financial Conduct Authority has warned...
30 August 2021
Swiss Re has agreed what it says is a world-first deal for the long-term purchase of direct air capture and storage of carbon dioxide, worth $US10 million over a decade...
23 August 2021
UK-based Ardonagh, the owner of Australia’s Resilium and Ethos Broking, says it’s well placed to pursue further mergers and acquisitions following strong first-half results and with additional funding provided by shareholders and lenders...
23 August 2021
Business interruption settlements following a UK test case have reached £636.8 million as the number of accepted claims related to the COVID-19 pandemic continues to rise, Financial Conduct Authority monthly data shows...
23 August 2021
Heavy rainfall and strong winds caused by Tropical Storm Henri have hit the US Northeast, while Hurricane Grace has caused damage in Mexico as an active Atlantic season continues...
23 August 2021
The board of Willis Towers Watson has unanimously selected Carl Hess to be its new president and next CEO...
23 August 2021
The US insurance industry’s profitability is expected to deteriorate this year after losses from severe weather events including an unusual Texas freeze in the first quarter...
16 August 2021
Arthur J. Gallagher will buy Willis Towers Watson treaty reinsurance broking operations for $US3.25 billion, reviving an acquisition initially flagged before the collapse of Aon’s proposed takeover of WTW...
16 August 2021
Insured losses from natural catastrophes were the highest on record for January-June with the sole exception of first-half 2011, when devastating earthquakes struck New Zealand’s Canterbury region and Japan, Swiss Re estimates...
16 August 2021
Climate change has disrupted the US natural hazard and fire insurance market, GlobalData says, with premiums no longer covering sums paid out...
16 August 2021
Zurich’s property and casualty arm has recorded vastly improved first-half earnings, as significant rate gains helped offset elevated losses from extreme weather events...
16 August 2021
July marked the costliest European flooding event on record and the deadliest in nearly thirty years, while China’s insurance industry joined Germany in having its highest natural disaster payout on record, Aon’s latest Global Catastrophe Recap report says...
16 August 2021
Munich Re says its full-year net profit target of €2.8 billion remains within sight after the business doubled its second quarter earnings to €1.1 billion from the corresponding period of last year...
16 August 2021
AIG reported overall strong general insurance underwriting results and improved top line earnings in the second quarter, helped by significantly lower catastrophe losses...
16 August 2021
Berkshire Hathaway reported insurance underwriting net earnings fell by more than half in the second quarter, dragged down by pandemic provisions and other virus-related fallouts...
16 August 2021
German insurer Talanx has raised its full-year outlook following a strong first half, despite expecting a significant impact from a “trail of destruction” caused by flooding last month in Western Europe...
09 August 2021
The UK Government has partnered with the Lloyd’s market on an insurance scheme to provide pandemic-related cancellation cover for live events...
09 August 2021
Allianz Group says its property and casualty arm made an operating profit of €1.4 billion in the second quarter to June, up 18.8% from a year earlier...
09 August 2021
Forecasters have bumped up the chance of an “above normal” Atlantic hurricane season this year to 65%, which suggests the current record run of consecutive above-normal seasons will be extended to six...